🚨 BTC & ETH: OH NO......

Summary

The speaker discusses their busy schedule with the Event Horizon project, which has over 100,000 users, and their return to LA. They highlight a 42% discount on trading commissions for high-volume traders and a $30,000 deposit bonus. The speaker emphasizes the importance of understanding market shifts, pointing to 63 banks on the brink of collapse and a significant increase in Bitcoin held by global ETFs. They advocate for crypto investment as a hedge against inflation and encourage joining the Event Horizon community for future financial opportunities.

Takeaways

• 📈 The speaker is busy with the Event Horizon Galley, which has over 100,000 users, and is back in LA, expressing love for the city.
• 🚀 The speaker's trade is currently at $236,000, down from nearly $400,000 in profits, suggesting market volatility.
• 💻 The speaker is offering a 42% discount on trading commissions for users trading over $100,000, through a link in the video description.
• 🎖 The Event Horizon has over 100,000 users and is offering second V2 badges, emphasizing the importance of being an early adopter.
• 🏦 The FDIC has identified 63 banks on the brink of collapse, with realized losses on investment securities for banks jumping to $500 billion in Q1.
• 💼 Institutions and large players are shifting towards Bitcoin, with global spot Bitcoin ETFs holding over 5% of the total Bitcoin supply.
• 🌐 The speaker is building the Event Horizon as a decentralized exchange (DEX) controlled by the people, in response to the traditional financial system's decline.
• 📊 The speaker provides technical analysis for Bitcoin and Ethereum, discussing current support and resistance levels and potential price movements.
• 🔄 The speaker suggests that Bitcoin could be the asset to outperform inflation, as traditional systems may resort to money printing to save collapsing banks.
• 🤑 The speaker is heavily invested in crypto, recommending at least a portion of one's portfolio be in crypto to hedge against inflation.
• 🔗 The speaker encourages viewers to check out the Event Horizon and use the provided link for bonuses and giveaways.

Q & A

What is the main topic discussed in the video?

The main topic discussed in the video is the current state of the cryptocurrency market, with a focus on the Event Horizon project and the speaker's personal trading experience.

What is the Event Horizon project mentioned in the video?

The Event Horizon project is a decentralized exchange (DEX) initiative that aims to be controlled by the people for the people, offering various bonuses and giveaways to its users.

Why has the speaker been taking breaks from making videos?

The speaker has been taking breaks from making videos due to being very busy with the Event Horizon project, which has grown to over 100,000 users.

What is the current status of the speaker's trade?

The speaker's trade is currently sitting at around $236,000, having experienced a decrease from nearly $400,000 in profits.

What bonuses can users claim through the speaker's link in the video description?

Users can claim up to $30,000 in initial deposit bonuses and other giveaways through the speaker's link in the video description.

What special discount is offered for users who trade with more than $100,000?

Users who trade with more than $100,000 can get a 42% discount on trading commissions through the speaker's link.

What is the significance of the FDIC identifying 63 banks on the brink of collapse?

The identification of 63 banks on the brink of collapse by the FDIC indicates a worsening financial situation in the traditional banking system, which may influence institutional investment strategies.

How much Bitcoin do global spot Bitcoin ETFs hold, and what does this represent?

Global spot Bitcoin ETFs hold over 70 billion dollars in Bitcoin, which represents about 5% of the total Bitcoin supply, indicating a significant institutional shift towards cryptocurrency.

What is the speaker's stance on investment in cryptocurrency compared to traditional assets?

The speaker is heavily invested in cryptocurrency, suggesting that it is the only asset that will outperform inflation and is transitioning away from traditional assets due to the current financial instability.

What technical aspects of the Bitcoin market does the speaker discuss?

The speaker discusses the current support and resistance levels for Bitcoin, the potential for a breakout to $80,000, and the possibility of a drop to $64,000 or $57,000 if the current support is breached.

What advice does the speaker give regarding risk management in cryptocurrency investments?

The speaker advises to be prepared for the best but also to be ready for the worst, suggesting a balanced approach to investing in cryptocurrency, such as having at least 20% of one's portfolio in crypto.

Outlines

00:00

🚀 Return to Content and Event Horizon Update

The speaker returns to video creation after a busy period with the Event Horizon Galley, which now has over 100,000 users. They are back in LA and express their love for the city. Despite the busy schedule, they highlight two crucial points to address. The first is the current state of their trade, which has seen a significant drop from nearly $400,000 in profits to around $236,000, amidst a red market. They hint at discussing technical analysis (TA) later in the video but emphasize the importance of two key data points for understanding market movements and maintaining composure. They also mention a link in the video description that offers viewers a 42% discount on trading commissions for high-volume traders, as well as up to $30,000 in initial deposit bonuses and giveaways.

05:01

📉 Market Analysis and Transition to Crypto

The speaker delves into the current state of the financial markets, pointing out that 63 banks are on the verge of collapse according to the FDIC, with a significant increase in realized losses on investment securities. They contrast this with the growing interest from institutions and large players in Bitcoin, as evidenced by the substantial holdings of global spot Bitcoin ETFs, which now account for 5% of the total Bitcoin supply. The speaker advocates for a shift away from traditional fiat systems towards cryptocurrencies, suggesting that Bitcoin is the asset most likely to outperform inflation. They discuss their personal investment strategy, being heavily invested in crypto, and encourage viewers to consider a significant crypto allocation in their portfolios. The speaker also provides technical analysis, focusing on support and resistance levels for Bitcoin and Ethereum, and suggests potential price movements based on these levels. They conclude by urging viewers to stay informed and to check out the Event Horizon for further insights.

Keywords

💡Event Horizon

Event Horizon is a term used in the video to describe a project or platform the speaker is involved with. It is mentioned as having over 100,000 users, indicating a significant community or user base. The term 'Event Horizon' in a broader sense often refers to the boundary around a black hole from within which nothing can escape, but in this context, it seems to symbolize a pivotal point or threshold in the speaker's financial or trading endeavors.

💡Trading Commissions

Trading commissions refer to the fees charged by brokers or trading platforms for executing trades. In the video, the speaker mentions a 42% discount on trading commissions for users who trade with more than $100,000, which is a significant incentive for high-volume traders to save on costs. This is directly related to the video's theme of financial trading and the benefits offered through the Event Horizon platform.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries like banks. The speaker discusses Bitcoin in the context of institutional investment and its potential as a hedge against inflation and traditional financial systems. The video mentions Bitcoin's price movements and its current standing in the market, which is central to the speaker's trading narrative.

💡FDIC

The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that provides deposit insurance to protect depositors in case of bank failures. The script mentions that the FDIC has identified 63 banks on the brink of collapse, highlighting a sense of impending financial instability and the need for alternative investment strategies like those discussed in the video.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The speaker suggests that Bitcoin could be a hedge against inflation, as central banks may print more money to save failing banks, leading to a decrease in the value of traditional currency. This concept is integral to the video's message about the shifting financial landscape.

💡Technicals

Technicals refer to an analysis of a security's trading patterns, primarily using charts, to predict future price movements. In the video, the speaker discusses technical analysis in relation to Bitcoin and Ethereum, focusing on support and resistance levels, which are critical for understanding market trends and making informed trading decisions.

💡Support and Resistance

Support and resistance are concepts used in technical analysis to identify price levels at which it is expected that buying or selling will be concentrated enough to prevent the price from moving further in a particular direction. In the script, the speaker uses these terms to describe potential price movements for Bitcoin, emphasizing the importance of these levels in determining future market direction.

💡Funding Rate

The funding rate in the context of the video likely refers to the cost of holding a leveraged position in a trading market, often associated with perpetual contracts. The speaker mentions that the funding rate is affecting their profit, indicating the impact of this rate on the overall profitability of their trading strategy.

💡Liquidity

Liquidity refers to the ability to buy or sell an asset quickly without affecting its price. The speaker mentions low liquidity in the context of the current market conditions, suggesting that there may be limited trading activity or that price movements may be more volatile due to a lack of buyers and sellers.

💡DEX

A DEX, or Decentralized Exchange, is a platform that allows for the peer-to-peer trading of cryptocurrencies without the need for a centralized authority. The speaker mentions building a DEX as part of the Event Horizon project, indicating a move towards a more democratic and user-controlled financial system.

💡Achievement Badges

Achievement badges, in the context of the video, appear to be rewards or recognition within the Event Horizon platform. The speaker suggests that having these badges will provide users with certain benefits or influence over the direction of the project, tying into the theme of user empowerment and community involvement.

Highlights

The speaker has been taking breaks from making videos due to being busy with the Event Horizon project, which has over 100,000 users.

A special offer is available for viewers, including up to $30,000 in initial deposit bonuses and a 42% discount on trading commissions for 'whale' traders over $100,000.

The FDIC has identified 63 banks on the brink of collapse, with realized losses on investment securities for banks jumping to $500 billion in Q1.

Global spot Bitcoin ETFs hold over $70 billion in Bitcoin, which is 5% of the total Bitcoin supply, indicating a significant shift by institutions towards cryptocurrency.

The speaker emphasizes the importance of being part of the Event Horizon community, suggesting it will be a key player in the future of decentralized finance.

The speaker discusses the current state of their trade, which has seen a significant drop from nearly $400,000 in profits to $236,000.

A call to action for viewers to claim bonuses and participate in giveaways, using a link provided in the video description.

The speaker predicts a potential market downturn, suggesting a consolidation followed by a drop before a final pump in cryptocurrency prices.

Technical analysis of the current support and resistance levels for Bitcoin and Ethereum, with a focus on potential breakout points.

The speaker's personal investment strategy, being 95% invested in crypto and fully committed to the Event Horizon project.

A warning about the potential for banks to collapse and the subsequent inflation due to money printing, advising viewers to consider cryptocurrency as a hedge.

The importance of zooming out on market charts to evaluate the overall situation and adjust to market conditions.

The speaker's relocation back to LA and their enthusiasm for the city, potentially indicating a positive outlook on the market.

A reminder to viewers to check out the Event Horizon and the bonuses available in the video description for further insights.

A closing message encouraging viewers to stay smart, stay rich, and to look forward to the next video.

Transcripts

hello everyone I don't know if it is a

good morning a good afternoon or not but

there is two things I got to mention in

this video uh I've been taking some

breaks from making videos is because I'm

so busy with the Event Horizon Gally we

have more than 100,000 users so I'm very

busy with the team Etc and I'm back in

La so if you're from La hello to La so

I'm back in La absolutely love La one of

my favorite cities so really busy with

the Event Horizon but nonetheless

there's two things that I want to

mention I want to show you guys that you

cannot you literally cannot not know

this so this is something that is going

to actually help you out because I know

that the markets are turning a bit red

right now and this is basically what it

looks like in terms of our trade as well

so my trade is currently sitting at like

236,000 when it was almost $400,000 in

profits and you know should we really

worry about this so I think I'm going to

leave ta for the end of the video but

initially I want to show you something

absolutely different something there is

only two pieces of data you need to see

to understand what is happening and to

actually stay cool in my opinion so um

first and foremost as you can see right

here I'm actually trading overun bu bit

and I have quite a bit of money overrun

by a bit and with my excl link down

description of this video uh you can

claim uh the regular bonuses that

actually are in my opinion quite

important you can claim up to

$30,000 initial deposit bonuses but out

out out side of this and I mean

certainly $30,000 initial deposit

bonuses is NI all and if you use my link

down description this video you will see

the list of stuff you can get 30k

deposit bonus and different giveaways

and stuff so all of this is great but

what is more important is that right now

with my link you can get a 42% discount

on trading commissions if you're a whale

if you trade with more than $100,000 so

you can use my link down description

this video sign up and you will get a

42% discount on trading feas if you

trade with more than

$100,000 which in my opinion is a great

deal especially if you trade actively

you will save yourself a lot of money so

anyway getting to the topic of what is

these two things that you need to know

and certainly I mean one of the most

important is the Event Horizon and right

now actually uh the second V2 badges are

all also almost gone so we have right

now more than 100,000 users

In the Event Horizon which is pretty

epic I'm going to leave a link to it

down in the description this video as

well as in the pin comment it is a place

you want to be if you're not an early

adopter of div Horizon the pho won't

just as I say it won't just be there

it's going to be painful

but you'll see anyway uh because the

next season of tasks is coming up is

well it's going to be freaking amazing

so anyway first thing I want you to see

right now because when you look at the

chart yeah sure it is a little bit

painful to look at at it it is not

moving it is we're going to move we're

going to come back to the short you know

the Bitcoin looks like this ethereum

looks like it wants to crash lower you

know and as I was painting the picture

before so we probably will consolidate a

bit and then go down a little bit and

then actual the final pump so you know

you might be looking at the chart

especially the people who do not know

how to zoom out how to take a step back

how to look at the situation how to

evaluate it and adjust the market

conditions here is two things to help

you do that

here is number one and that is this and

actually I think I'm going to just move

to the computer screen from here so it's

going to be easier for you guys to see

so the first thing is that the FDIC has

identified 63 banks that are on the

brink of collapse and realized losses on

investment Securities for banks jumped

to 500 billion in q1 this is 39 billion

higher than the 478 billion recorded um

in Q4 2023 so look at this for the

thanks for the traditional Fiat garbage

Colonial system it is actually getting

worse by the day and we're not even back

to money printing yet so this is looking

very painful and now what do the big

players do what do the institutions do

what do penion funds Etc all these big

players what do they do that's what they

do right here Global spot Bitcoin ETFs

now hold over

70 billion doll in Bitcoin and that's a

whopping 5% of the total Bitcoin Supply

this right here is what you need to

understand this is just a drastic shift

from one to the other from one to the

other by the institutions by the Black

Rock by the Fidelity that's why we're

building the Event Horizon is going to

be one of the biggest dexas Elder

controlled by the people for the people

that's why you have to have those

achievement badges so that you

actually have this right down the road

to steer that ship because this is where

we are going we're going away from the

traditional Fiat Colonial garbage system

we're going to the new system it might

take a year it might take 2 3 years

depending on how fast this one is going

to be crumbling because as you can see

it is slowly steadily bid by bit and

step by step so seeing this and that the

you know the owners for this world and

all these conglomerates and corporations

and asset managers they are actually

moving to bitcoin if you are still

sleeping on it and if you're still

worried that oh you know what if Bitcoin

goes to whatever zero there's always a

chance there's always that 1% chance

that's this count yeah sure that's why

I'm saying I'm 95% invested in crypto

and now with the Event Horizon I'm

probably 100% invested in crypto at this

point so I'm a DJ I'm trying to build

Solutions in this space I I try to make

a ton of money if that's not the

type of risk you want to entail you can

have at least you know half of your

portfolio in crypto I don't know 20 %

something CU going to be the with this

what we're seeing right now this the

only asset that will outperform the

inflation is around the corner because

they will print money to save these

Banks and these banks will be collapsing

so it is

so I don't want to be on that

Old Ship so that's why I'm transitioning

to the new one and I'm building one of

my own so that people can jump on it and

actually steer it together with us down

the road which is the event ride and

this brings me to the technicals so this

is something that you have to see in

terms of the current support and

resistance on what we can expect and

cannot expect from The Price is very

simple let me show you uh we'll move to

the computer screen yet again and for

now in terms of ethereum certainly yeah

I mean it can look a bit painful that

our profit is not as huge as it was and

the funding rate is just keeps killing

us a little bit but this is like there

is not much volume so I think that this

current drawing which is pretty

ridiculous but I think it's actually

going to stand but when it comes to

bitcoin it's much more important and for

Bitcoin right now we're standing at this

very resistance right here and our

current support year is this line this

red line that used to be our resistance

then it became our support then it

became our resistance and now it is our

support again so what I really want to

see I want to see this breakout happen

right here with some volume which would

put the target for Bitcoin the next leg

up to like $80,000 or so so this would

be an absolutely amazing amazing

breakout to the upside however once

again you know always prepare uh you

know be ready for the best and excited

for the best but be prepared for the

worst so in case if we do get rejected

from here which is possible there isn't

going to be much volume and we can

actually you know drop below and close

below this support right here this could

open the road to First 64,000 then

possibly

57,000 just to continue this kind of

consolidation inside here then to just

break out later closer to the election

very very possible so something that I

also want you to keep an eye out in

terms of technicalities because right

now the matter of liquidity the summer

the liquidity is quite low retail still

is in there we're really waiting for the

Catalyst but this is something I would

be personally paying attention to him so

show technicalities and to find yourself

uh knowing what to expect guys check out

the Event Horizon I'm going to link a

video right here check it out and as

always check out all the bone buit bonus

down description this video and as

always peace and love time craw stay

Smart Stay exceptionally rich and I'll

see you next video bye-bye